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Pompano Beach Florida Satisfaction of Judgment

Category:
Loans and Lending - Liens
State:
Florida
City:
Pompano Beach
Control #:
FL-LR057
Format:
Word; 
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Description

A satisfaction of Judgment is a document signed by one party acknowledge receipt of the payment. The Satisfaction of Judgment is then filed with the court.
Pompano Beach Florida Satisfaction of Judgment refers to the legal process of resolving a court-ordered judgment in Pompano Beach, Florida. When an individual or entity wins a lawsuit against another party in Pompano Beach, they are awarded a judgment. This judgment often requires the losing party to pay a specific amount of money or fulfill certain obligations. However, in some cases, the losing party fails to comply with the judgment, leading to the need for a Satisfaction of Judgment. This process involves the successful party requesting the court to acknowledge that the judgment has been paid or fulfilled. Once the court issues a Satisfaction of Judgment, it officially recognizes that the losing party has met their legal obligation, effectively closing the case. Keywords: Pompano Beach, Florida, Satisfaction of Judgment, court-ordered judgment, lawsuit, legal process, winning party, losing party, payment, obligations, compliance, court, acknowledge, paid, fulfilled, legal obligation, case. There are no specific types of Pompano Beach Florida Satisfaction of Judgment, as it is a universal term used to describe the process of resolving judgments in Pompano Beach courts.

Pompano Beach Florida Satisfaction of Judgment refers to the legal process of resolving a court-ordered judgment in Pompano Beach, Florida. When an individual or entity wins a lawsuit against another party in Pompano Beach, they are awarded a judgment. This judgment often requires the losing party to pay a specific amount of money or fulfill certain obligations. However, in some cases, the losing party fails to comply with the judgment, leading to the need for a Satisfaction of Judgment. This process involves the successful party requesting the court to acknowledge that the judgment has been paid or fulfilled. Once the court issues a Satisfaction of Judgment, it officially recognizes that the losing party has met their legal obligation, effectively closing the case. Keywords: Pompano Beach, Florida, Satisfaction of Judgment, court-ordered judgment, lawsuit, legal process, winning party, losing party, payment, obligations, compliance, court, acknowledge, paid, fulfilled, legal obligation, case. There are no specific types of Pompano Beach Florida Satisfaction of Judgment, as it is a universal term used to describe the process of resolving judgments in Pompano Beach courts.

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FAQ

If a judgment is entered against you by a court, your wages or bank account may be taken from you to pay the judgment through legal proceedings called garnishment and attachment. Through a process called execution, a creditor can collect money owed under a judgment.

Satisfaction of a judgment means that the judgment is no longer a lien on the debtor's real property. The courts cannot control the actions of third parties, but usually, the fact of satisfaction is recorded by the major credit reporting agencies and included in the debtor's credit history.

The Satisfaction of Judgment form should be signed by the judgment creditor when the judgment is paid, and then filed with the court clerk. Don't forget to do this; otherwise, you may have to track down the other party later. It's easy to get a copy of a Satisfaction of Judgment form.

The Length of a Judgment A judgment is good for 10 years and Florida allows a creditor to ?renew? a judgment before the expiration of the 10 years for an additional 10 years, thus giving a judgment almost unending life.

Return to the Clerk of the Court that originally issued your judgment and ask for a Writ of Execution. Deliver the Writ to the sheriff's department for the county where the debtor's property is located. Provide the sheriff's department with: A deposit to cover their fees and costs.

After a judgment is entered against you, the judgment creditor can garnish your bank account and wages, require you to reveal all assets belonging to you, and place a lien on any non-homestead property. However, Florida law cannot impose criminal liability for not paying a civil money judgment.

A judgment is good for 10 years and Florida allows a creditor to ?renew? a judgment before the expiration of the 10 years for an additional 10 years, thus giving a judgment almost unending life.

The Judgment may then be satisfied by the Clerk of Court upon the following conditions: Payment of the full amount of the Judgment plus interest as well as court registry fees. (Fee for receiving money into the registry of the court - 3% of the first $500.00 plus 1.5% of the balance of the deposit.)

This satisfaction of judgment is a general form. It is a new form. To ensure identity of the signer, notarization is prudent but not required. If a certified copy of the judgment is recorded, it may be prudent to include that recording information.

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